Financial Aid: Types of Aid

Federal Pell Grant

The Federal Pell Grant is designed to help pay college-related expenses. The exact dollar award is determined by the student’s class load and the Student Aid Index (SAI) as calculated by the federal government. For more information visit the Federal Student Aid website (https://studentaid.gov/understand-aid/types/grants/pell)

Federal Supplemental Educational Opportunity Grant (FSEOG)

Federal Supplemental Education Opportunity Grant (FSEOG) is awarded to students who have exceptional financial need. FSEOG awards depend on the amount of funds available. For more information visit the Federal Student Aid website. (https://studentaid.gov/understand-aid/types/grants/fseog)

Federal Work Study (FWS)

Federal Work Study (FWS) is awarded through Financial Aid Office here at DACC in the form of part-time employment. Students who participate generally work from 10-20 hours per week and are paid twice a month. The actual FWS award is based on demonstrated financial need. For more information visit the Federal Student Aid website. (https://studentaid.gov/understand-aid/types/work-study)

Monetary Award Program (MAP)

The Monetary Award Program (MAP) is awarded by the Illinois Student Assistance Commission (ISAC) and is designed to pay tuition and basic fees at Danville Area Community College for Illinois students. MAP grants are limited based on the number of applicants and funding levels appropriated by the Illinois General Assembly. Please be aware that in light of state funding constraints, reductions to estimated or actual MAP grants are possible.

There is a limit on the number of MAP Paid Credit Hours that can be paid while you are classified by your school as a freshman and sophomore. This limit is the equivalent of 75 MAP Paid Credit Hours. For more information visit the Illinois Student Assistance Commission website. (https://www.isac.org/students/during-college/types-of-financial-aid/grants/monetary-award- program/)

Alternative Application for Illinois Financial Aid

The Alternative Application for Illinois Financial Aid allows qualifying undocumented students who are not otherwise eligible for federal financial aid to apply for Illinois Monetary Award Program (MAP) grant to attend eligible Illinois colleges, universities, and career education programs. Further details and the application can be found at the Retention of Illinois Students and Equity (RISE) Act and Alternative Application for Illinois Financial Aid page. (https://www.isac.org/students/before-college/financial-aid-planning/retention-of-illinois-rise-act-/)

William D. Ford Direct Loan Program

Students enrolled in either college transfer or vocational/technical programs may apply for this loan. Depending upon demonstrated financial need and academic program length, dependent/independent freshman students may borrow up to $5,500/$9,500. Dependent/independent sophomores may borrow up to $6,500/$10,500 with demonstrated financial need. Repayment begins six months after the student drops below half-time student status, but there are deferment provisions. Monthly repayment varies with the total amount borrowed. For more information visit the Federal Student Aid website. (https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized)

Direct Parental Loan for Undergraduate Students (Plus)

The Parental Loan for Undergraduate Students (PLUS) is available for parents of dependent students who are enrolled at least half-time. Repayment begins within 60 days of signing a promissory note unless the parent opts to have the repayment deferred while the student for whom the parent borrow is enrolled at least half-time and for an additional six months after that student is no longer enrolled at least half-time. Application for the Direct PLUS begins when completing a Loan Application which is available online on the DACC website (https://dacc.edu/finaid/forms). For more information visit the Federal Student Aid website (https://studentaid.gov/understand-aid/types/loans/plus)

Danville Area Community College Foundation Office, along with private donors, offer a variety of
scholarships to DACC students to assist with paying for college. For more information visit the
Scholarships page. (https://dacc.edu/scholarships)

All questions regarding student financial aid at DACC should be directed to: finaid@dacc.edu